Opportunity

WCA Foundation’s Humble Beginnings

1982 – Present

More than Three Decades of Supporting UPMC Chautauqua WCA and the Chautauqua Region

The WCA Foundation began its first operations in 1982 with assets of $180,278.43. Diligent fiscal restraint in management of our community’s gifts has seen their growth to over $13.1 million in restricted and unrestricted funds, while more than $5 million in grants have been given to UPMC Chautauqua WCA and Starflight in just the last 15 years…

Types of Funds Offered by WCA Foundation

There are basically two kinds of funds held at WCA Foundation – endowed funds and non-endowed or pass-through funds. Endowed funds are held in perpetuity – forever. The original gifts are prudently invested and 5.25% of the trailing twenty quarter average market value of each Long-Term Fund’s portfolio at year end is used for grants to UPMC Chautauqua WCA and operations of the WCA Foundation annually. Non-Endowed or Pass-Through funds are given by donors to be used for more immediate needs – either general or specific – of UPMC Chautauqua WCA. They are fully expended for the use designated and not held for generational growth...